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1 A! F5 ^2 P8 uBelow is an Interesting article I found, which says that.....Do not 1 r& m8 d1 C0 k' L) D& s E
expect much from Crude Oil producers and future is not with the
4 w4 m+ T& D# F0 C6 k( |; `7 G+ G! ncompanies producing Jet fuels but Biofuels. Also no wonder if some of ; A- d/ v/ Q" r
these oil producer will go bankrupt or out of the business even if
# |1 b0 S) w% I/ G3 t, Gcrude prices improves. This implies also to good names such as Shell, : a* X# c6 C, Z- K( [! w
EXXON, BG, BP, Cheveron ....xyz.. oils 9 s: b2 Y9 |0 ~, _+ b
/ s$ g7 G$ m/ \7 r5 u% U2 O. ^7 pRecently OPEC reduced crude oil production twice over just a few
/ e2 v1 D ?& D; tmonths. There are three wars going on in Gaza, Iraq and Afghandistan. 7 D2 `& l% s" X6 a+ ?" \- t7 u
A year ago these things would have spiked the price of crude oil by at
0 R Z2 r1 R7 J0 Nleast $50.00 per barrel. Today, oil price declined by a record amount. ; n6 P* Q, ~' I) }
2 d7 R6 ?! h! b% o
' u+ Q0 T! V- lThere are several reasons the price of oil is decreasing in the face & l6 a r1 h- Z; f
of so much news. These reasons are:
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1. New oil has been found in Canada, Montana, North & South Dakota and
; i( k" q/ K4 c K" pin the ocean near Brazil. Each of these oil fields has more oil than
' Y+ d: X9 U$ A4 K! A6 D2 z( l/ KArabia.
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% T3 F F, }1 c; v# u2. New natural gas has been found in Pennsylvania and West Virginia. ' X! m% d# b g; j
This is the largest find in North America. - q* O3 r# `! i, F
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3. New methods of injecting CO2 and surfactants into oil wells is
4 l! j* ?6 z8 p3 O+ E" d/ u1 c* lbeing used to double their output. 1 w$ D# N2 N3 u5 R, J* B
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4. Production of bio-fuels is beginning to reach critical mass. Bio 2 I4 A: z- ?& s$ [3 t _
fuel is being produced from many plants and algae. The production + @/ X" K1 P3 A* m5 J/ r- b
potential per acre in some cases is astounding. Many countries are
6 u) F" Q, p3 \2 A" B) iracing to produce bio fuels. # ?' w: M1 K( i0 ~4 r4 F: Y! \
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5. Virtually every restaurant in the US and all food processing plants # [* }* D# c5 \! N
are now selling their used oil to bio-diesel producers. Every pork, " r7 k6 {0 X' T5 f% N
cattle, turkey and chicken processing plant will soon sell their fat |) {5 j2 H/ p& S }+ v
to bio-diesel producers. One pork processing plant in Oklahoma is
% C; K; j6 S) K. C2 A3 Yproducing 30,000 gallons of bio-diesel per day from pork fat.
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^4 J2 G' ~/ J! D! h6 E6. There are 99 nuclear reactors in various stages of planning and & e" }2 t1 X1 ~
construction around the world at this time. Several hundred more are - d. n# F8 k# T( n: G, _
expected to be built in the future. Much of the energy they produce \" B! E* B" r Y/ L# b
will replace oil.
0 |( O2 X* o5 R+ z, ~: p6 _# X9 s0 c: y. O8 I ~
+ C3 J: i- H/ m3 I- p7. Every company in any form of transportaion business is replacing
% _ b' V X1 l5 ^/ m5 molder equipment such as trucks, airplanes, train engines, ships, etc.
1 w; E+ m, D! Awith new more fuel efficient equipment. Airlines and railway companies
4 R6 d. o6 c$ @ Nare experiencing 20% to 25% better fuel econony with the new " O1 e% J" ]$ u5 M! h+ U
equipment. 8 q1 u: D0 [" t3 o! }3 }
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Airlines are flying airplanes with bio-fuel. They are finding the bio- $ G, L2 a; C5 w
fuel is cleaner and performs better than jet fuel.
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8. Cities and counties throughout the US are selling the rights to
6 `# q6 c5 V1 F( X8 P% t, _" _0 Ccapture methane gas from landfills. This is a huge source of gas
" E$ S) C# u+ ^, D8 R& Yavailable at very little cost or risk. The gas is displacing crude
& z/ ^# |7 Q9 S9 Foil. ( ^, R% v7 r7 N# K* X- l; o
- W4 u) V, l* g" r! X
: O, v( B) ~6 V, f( T6 W9. Coal is being transformed into a clean burning liquid fuel. The CO2 B( X0 N. a- W+ S& s2 l2 j
produced as a byproduct is sold to oil companies for injection into
0 w' \- B, r( q+ Q# U- g! x) noil wells. 0 a, o4 X+ y7 {9 G: [
4 o q/ m+ ]& B4 q
8 L4 t! s9 ?( |+ X10. Solar, wind and ocean energy is displacing oil as an energy $ ?" { Z) e& O3 H
source. Three new wind turbines are being erected every day in the US.
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0 \: k$ l( B2 t8 M( BEach of the above by itself will not make a large difference in the
7 O' q: r% \6 V2 rprice of crude oil but the sum of all of them together is world g9 A* p0 T+ |6 E- E
changing. The important thing is that OPEC no longer has the ability # Q" Z* k0 C A( }# s) {
to control oil prices. ' O0 P$ m) i' w; Q% u& f n! l
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With the above scenario, I still believe that there are under ! F5 l, \ h: s$ W. E
performed OIL companies and probably they are yet to get the justified
. l% d' m( a4 m. Q& {value .....
1 W: ? y' C! }8 wIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... " m1 D7 b/ d3 d& }8 A9 \' a
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The above articles are from WSJ .............PUBLISHED ON 9TH JAN
+ I4 T0 a- q7 N$ V! u: n& F; p2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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